Ningbo Solartron Technology Co.,Ltd. (SHSE:688299) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be repurchased at a price not more than CNY 24 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentives. The authorization will be valid for a period of 6 months.